Some amazing data on how Internet recruiting has changed the medium in which society now operates are as follows: (Hall, 2001).
Over 30,000 websites are devoted to recruiting .
Over $15 billion was spent on electronic recruiting in 1999, which was expected to grow to 50% in 2000 .
There are 148.8 million overall internet users in the United States alone .
Average cost per hire via the web was $183 vs. $1383 for traditional methods .
Spending for online recruiting is expected to increase by 52% and print ad spending to decrease 31% by 2004 .
74% of people with internet access 18 years of age and older have used the internet to search for a job in the past 12 months .
Electronic recruiting is now running just slightly behind print advertising, the second most effective means of recruitment behind referrals .
These are just some of the vast statistics that show how Internet recruiting is expanding and overtaking the staple medium of print advertising and changing the normal paradigms.
How Internet Recruiting is Changing the Recruiting Landscape.
When the economy is in full swing In order to accomplish, this qualified individuals must be hired and trained. As one can imagine good, qualified employees can be hard to attract and retain when another competing company is trying to recruit the same. This in turn increases the competition to get new hires and the mode and medium changes to reflect this. Americans now have more access to the Internet and computers than ever before. Any citizen can walk into a school, public library or their home and access the World Wide Web. "Internet recruiting can be done 24 hours a day, 7 days a week. (Hall, 2001, p. 26). Internet recruiting allows a company to maintain a presence on the Internet that can be accessed any time, anywhere. Internet recruiting has a multitude of distinct advantages for an employer and most companies are only beginning to realize the advantages.
